Edge of Chaos
Why Democracy Is Failing to Deliver Economic Growth-and How to Fix It
by:
Dambisa Moyo
in:
Political Theory
Summary:
The book argues that liberal democracies are struggling to produce economic growth due to short-term policy making and a lack of strategic vision. It proposes solutions such as extending political terms, linking voting rights to knowledge, and incentivizing long-term investments to address these systemic issues and revitalize economic progress.
Key points:
1. Economic Slowdown in Democracies: Moyo notes that Western democracies are seeing slower economic growth due to short-term policies linked to election cycles, lacking long-term vision.
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